ba1614
Silver Member
Doesn't the car need to go to salvage to qualify for the rebate?
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Oh, I get it. This is just creative advertising on the part of your local dealers. If your trade in is worth more than $5,000 you wouldn't settle for $4,500 for junking it. Any car the dealer buys for $9,000 isn't going into the government rebate program...they'll just turn around and sell it for $11,000.The yare paying for the trade in AND giving up to 4500?
2 of our American dealerships were advertising like mad this weekend and they covered it on the news, 4500 plus...up to another 4500 for your car depending on condition...don't know or actually i do not remember seeing the foreign make dealers offering the same...but Ford was and i think chrysler was.....
care
Yes, that's exactly what I'm saying. A dealer would have to be quite stupid to junk a car they could resell at a profit.Oh, I get it. This is just creative advertising on the part of your local dealers. If your trade in is worth more than $5,000 you wouldn't settle for $4,500 for junking it. Any car the dealer buys for $9,000 isn't going into the government rebate program...they'll just turn around and sell it for $11,000.2 of our American dealerships were advertising like mad this weekend and they covered it on the news, 4500 plus...up to another 4500 for your car depending on condition...don't know or actually i do not remember seeing the foreign make dealers offering the same...but Ford was and i think chrysler was.....
care
hmmmm...I dunno?
Are you saying that lF I had a car that normally on trade was worth 9k, then they'd resell it for 11k....that in my case, the cash for clunkers money was not even used at all and it was like i just rolled in to buy a new car with my trade?
Because the gvt will not give the $4500 unless they take this car, suv, truck and demolish it, or take it apart for the sale of its parts....
the one negative of this program is that these tankards usually ended up with very poor families that needed them and they will be taken off the road completely so there will be shortage of these type of vehicles in the charity arena....
Ravi, I am totally miffed on what the American Car dealers were advertising.... let me see if i can find one of the local dealer's ads on the internet to see what the "up to $9k" was all about....no promises but maybe I can?
care
Yes, that's exactly what I'm saying. A dealer would have to be quite stupid to junk a car they could resell at a profit.Oh, I get it. This is just creative advertising on the part of your local dealers. If your trade in is worth more than $5,000 you wouldn't settle for $4,500 for junking it. Any car the dealer buys for $9,000 isn't going into the government rebate program...they'll just turn around and sell it for $11,000.
hmmmm...I dunno?
Are you saying that lF I had a car that normally on trade was worth 9k, then they'd resell it for 11k....that in my case, the cash for clunkers money was not even used at all and it was like i just rolled in to buy a new car with my trade?
Because the gvt will not give the $4500 unless they take this car, suv, truck and demolish it, or take it apart for the sale of its parts....
the one negative of this program is that these tankards usually ended up with very poor families that needed them and they will be taken off the road completely so there will be shortage of these type of vehicles in the charity arena....
Ravi, I am totally miffed on what the American Car dealers were advertising.... let me see if i can find one of the local dealer's ads on the internet to see what the "up to $9k" was all about....no promises but maybe I can?
care
If you feel badly about the poor people getting screwed--find someone with a car that qualifies that can't afford a new car. Trade with them. Now you have a clunker that qualifies and they have a decent car. Everyone wins.![]()
Your right...1 yearYes, that's exactly what I'm saying. A dealer would have to be quite stupid to junk a car they could resell at a profit.hmmmm...I dunno?
Are you saying that lF I had a car that normally on trade was worth 9k, then they'd resell it for 11k....that in my case, the cash for clunkers money was not even used at all and it was like i just rolled in to buy a new car with my trade?
Because the gvt will not give the $4500 unless they take this car, suv, truck and demolish it, or take it apart for the sale of its parts....
the one negative of this program is that these tankards usually ended up with very poor families that needed them and they will be taken off the road completely so there will be shortage of these type of vehicles in the charity arena....
Ravi, I am totally miffed on what the American Car dealers were advertising.... let me see if i can find one of the local dealer's ads on the internet to see what the "up to $9k" was all about....no promises but maybe I can?
care
If you feel badly about the poor people getting screwed--find someone with a car that qualifies that can't afford a new car. Trade with them. Now you have a clunker that qualifies and they have a decent car. Everyone wins.![]()
Great idea, but I recall reading a stipulation that you had to own the vehicle for a certain length of time, 1yr I believe.
I didn't see that. The requirement is that the car must have been registered and insured for the one year period prior to trade in.Yes, that's exactly what I'm saying. A dealer would have to be quite stupid to junk a car they could resell at a profit.hmmmm...I dunno?
Are you saying that lF I had a car that normally on trade was worth 9k, then they'd resell it for 11k....that in my case, the cash for clunkers money was not even used at all and it was like i just rolled in to buy a new car with my trade?
Because the gvt will not give the $4500 unless they take this car, suv, truck and demolish it, or take it apart for the sale of its parts....
the one negative of this program is that these tankards usually ended up with very poor families that needed them and they will be taken off the road completely so there will be shortage of these type of vehicles in the charity arena....
Ravi, I am totally miffed on what the American Car dealers were advertising.... let me see if i can find one of the local dealer's ads on the internet to see what the "up to $9k" was all about....no promises but maybe I can?
care
If you feel badly about the poor people getting screwed--find someone with a car that qualifies that can't afford a new car. Trade with them. Now you have a clunker that qualifies and they have a decent car. Everyone wins.![]()
Great idea, but I recall reading a stipulation that you had to own the vehicle for a certain length of time, 1yr I believe.
That makes sense. Otherwise they could sell the care and still collect the rebate.ty ravi...also, i just saw on the c-span that the dealers have to sell the cars to a Salvage Dealer at auction and must show this receipt before the gvt sends them the check for $4500!
Cash for clunkers... a dismal failure. Look at the history of govt. programs and see how well they've done. Medicare bankrupt, medicaid bankrupt, social security bankrupt. cars for clunkers bankrupt. Does anyone see a pattern here? And yet there's people who believe the govt. can actually help us.
no, i don't see a pattern at all...the idea of cash for clunkers was to have a great promotion to stimulate car sales for dealers and for the industry and deplete all of the funds.
Because the program WAS A SUCCESS is why they want it to continue, not because it was a failure.
It's silly to spin this as a failure, it actually is the ONLY success they have had with any of the stimulus ideas put in to place.....and credit should be given where credit is due....the auto industry now needs to analyze this success and see where they can on their own, capitalize from it in the future, from their own mark-down kitty or leeway in their markup.
Cash for clunkers... a dismal failure. Look at the history of govt. programs and see how well they've done. Medicare bankrupt, medicaid bankrupt, social security bankrupt. cars for clunkers bankrupt. Does anyone see a pattern here? And yet there's people who believe the govt. can actually help us.
The only pattern I see is you pronouncing things a dismal failure that you probably know nothing about.
Please explain to us why you think the CFC program failed its mission.
no, i don't see a pattern at all...the idea of cash for clunkers was to have a great promotion to stimulate car sales for dealers and for the industry and deplete all of the funds.
Because the program WAS A SUCCESS is why they want it to continue, not because it was a failure.
It's silly to spin this as a failure, it actually is the ONLY success they have had with any of the stimulus ideas put in to place.....and credit should be given where credit is due....the auto industry now needs to analyze this success and see where they can on their own, capitalize from it in the future, from their own mark-down kitty or leeway in their markup.
A success for who? The buying spree maybe good for the car companies, but only for the short term and for certain car models. All the while adding billions more to the deficit. But what's another couple a billion when we're trillions in debt already huh?
They're basically taking off the market, vehicles that (while get lesser gas mileage) are perfectly functioning vehicles. Vehicles that low income buyers would find are well within their price range. The fact that old cars get destroyed (as opposed to having parts recycled) harm automotive recyclers. According to an article from the Associated Press, engines and drive trains account for 60% of a recyclers revenues.
Auto recyclers leery of cash for clunkers
But taking the argument one step further, its actually quite anti-green as destroying those old parts (as opposed to actually recycling) means that new parts have to be produced for replacements and/or the cost of the parts remaining increases for those who least can afford to pay (the program calls for the engines to be destroyed via a solution that must get poured into the old cars engine and therefore, not recycled).
And this article analyzes the number of trade-ins that would have occurred anyway (200,000 every three months) vs. the program (222,000 or 286,000) according to Edmunds.com. The linked article above article specifically examines the cost of the program to the taxpayer in connection with the marginal increase in the number of cars traded in. When examined in this context, the author argues that each car costs the US taxpayer either $45,354 or $11,628, depending on the exact number of rebates at the $4500 amount vs. the $3500 amount.
And you call this a success?
I'm sorry Care I could not disagree more on this issue, while many rush to trade in their cars and get this money from the Govt. in the end the only people it helps is anyone connected to the new car industry. Correct me if I'm wrong here but, didn't we just through bailing them out? However, we all know that didn't work because they went into bankruptcy anyway and we ended up owning one of them. I pointed out just a few of the problems with this program not to mention it shows the Administrations economic team "again" total incompetence in prediction and modeling. This program was supposed to have enough money to last according the experts in the Obama Administration 4 months it lasted what? 4 days? What does that tell you about the same people who are doing the economic models on healthcare. Further, by removing 250,000 cars off the used car market you eliminate a source of cars for an entire segment of society , young people, construction, those not able to afford new cars,. The charity agencies that depend on car donations are all down because of this program not to mention slavage yards that are forced to destroy the most profitable part of the auto salvage. I mentioned before that this program also puts many people into debt that need not be in debt because of this program. It seems to me that we have already bailed out the car companies and there is no need to bail them out once again at the expense of other industries , but I sometimes forget that we do have those political ties that need to be paid back ...
no, i don't see a pattern at all...the idea of cash for clunkers was to have a great promotion to stimulate car sales for dealers and for the industry and deplete all of the funds.
Because the program WAS A SUCCESS is why they want it to continue, not because it was a failure.
It's silly to spin this as a failure, it actually is the ONLY success they have had with any of the stimulus ideas put in to place.....and credit should be given where credit is due....the auto industry now needs to analyze this success and see where they can on their own, capitalize from it in the future, from their own mark-down kitty or leeway in their markup and repeat this successful promotion in a modified manner.